200 W 162nd St

Investment Highlights

Freestanding former bank building on corner of 162nd & Suntone Built in 2003 with high-quality materials Spacious site with parking for 25 cars Features 4 drive-thru lanes High traffic counts on 162nd St

Executive Summary

LM Commercial Real Estate on behalf of ownership is pleased to offer the 3,882-square-foot retail building at 200 W 162nd Street for sale. Suitable for either an owner-user or investor, the part one-story and part two-story masonry building is ideally located along the 162nd Street retail corridor in South Holland. Traffic counts traveling east/west on this section of 162nd Street average 24,700 vehicles per day.The free-standing building offers an attractive masonry facade with tall, floor-to-ceiling windows across the front and four drive-thru lanes on the building's west side. The property is situated on a spacious, 30,000-square-foot, corner site which allows for a circular drive as well as parking for 25 cars (6.44/'000 parking ratio). Access to the site is from Suntone Drive as well as through the neighboring retail center. The building's interior, which formerly housed a bank, consists of a beautifully finished lobby with seating, a teller service window with drive-thru service counter, storage room, vault, break room, conference room, private offices, restrooms, and a small second floor with additional office and storage space. The property is situated among national and regional retailers and quick service restaurants with South Suburban College and Advocate Medical Center in the wider area. This offering provides a unique opportunity to acquire a quality-built asset along South Holland's retail corridor that can be repurposed to accommodate retail, restaurant, service, or medical office uses. Coop commission is 3%

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Bank General Retail Storefront Retail/Office Office Medical Fast Food
• Building Size    3,882
• Year Built    2003
• Price    875,000
• Price Per SF    225
• Percent Leased    13
• Building Height    2 Stories
• Building FAR    0.13
• Land Acres    0.69 AC

• Banking
• Corner Lot
• Drive Thru
• Storage Space
• Monument Signage